Rough week....So here we are at 3$. Its been an interesting week. TD guidance disapered from its website on earnings for III. It was -0.01 however with prices of Au and Cu in the last two months it will most likely be higher. Well everyone here is hoping.
Today I re-bought my 30% of shares at 3.01$ - build up a tiny war chest just in case this stock goes south of 2.60 ...still a possibilty as price of Cu went seriously down today.
Additionally, I read with amusement couple comments recently.
So lets get one thing out of the way III - still hasnt made money. It was below a dollar two years ago not because Fairholm drove the price down - but rather that it was burning 75 mil a year in interest payments at 8% ...and no income...none....even with both polley and RC assessed as positive anywere above 2.20 price point.
What will happen on the call in october - if III posts anything lower than 0.05 per share - I would be surprised. Will they issue a dividend....nope..they will not.....
Finally NC saved III. However, NC has some of its own problems in the last week. google it all :)
Good night all.
CH